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Board reviews stadium naming‑rights proposal; Heritage Bank emerges high bidder, contract slated for Jan. 26 action
Summary
Administration presented a naming‑rights proposal for Memorial Field; Heritage Bank was the high bidder at $18,000 annually for 10 years. Board members raised contract protections and design questions; administration will bring a draft contract to the Jan. 26 meeting for approval.
Administration presented a stadium naming‑rights solicitation for Memorial Field and said Heritage Bank submitted the highest bid.
Val, the district’s director of finance, told the board that the district set a minimum bid of $12,000 annually and that Heritage Bank’s proposal was $18,000 per year for 10 years. “Heritage Bank was the high bidder. Their bid was 18,000 annually for 10 years,” Val said, describing the package as annual…
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